Hope everyone had a safe and fun 4th of July

Markets open Tues. 5th at 8:30 am cdt

We broke on forecast of rains coming after the holiday. Tuesday morning’s opening could tell us a story.

Dec. Corn has 2 gaps
1) 576,75-574..25
2) 725.75-728.25

Nov. Beans 3 support levels imho
1) 1383.50
2) 1367-1365

Report is out of the way. BUT resurvey in July for Beans
The report was as of June 1st. The next 2 weeks ND. SD. MN. were still planting beans.

Also remember wheat harvest is moving a long. How much of those acres will go to beans after harvest.

2003 I sent out a Soybean report . That early summer beans broke and then:
Nov. Beans Low on July 25th 507.50
By Oct. 29th 790.

Weather Weather Weather
These are still very very good prices.
BUT did we front run the weather and maybe the rains come this week and turn off the next 3-4 weeks.

Going to be an interesting week.

If questions please call me
Be Safe
Scott Capinegro
Branch Office HighGround Trading